PACE OF SOUTHWEST MICHIGAN INC (EIN 451148618) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

MIKE ZDRODOWSKI

Phone

2694084322

Tax Period

2023-10-01 to 2024-09-30

PACE OF SOUTHWEST MICHIGAN INC, founded in 2011, is a mid-sized nonprofit in the Human Services sector that reported $26.9M in total revenue in fiscal year 2023.

Mission

SURROUNDING SENIORS WITH THE CARE YOU NEED TO REMAIN IN THE HOME YOU LOVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $821,312

Program Service Revenue $25,882,742

Investment Income $79,724

Other Revenue $117,869

TOTAL REVENUE $26,901,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,803,686

Fundraising Expenses $0

Program Expenses $25,666,070

Other Expenses $21,690,920

TOTAL EXPENSES $28,494,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,901,647	$26,046,934	+0.0%
Expenses	$28,494,606	$27,506,489	+0.0%
Net Income	$-1,592,959	$-1,459,555	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

124

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$179,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA GRUBER	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE VANLANDINGHAM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN WASSENHOVE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
SOROYA M PIERRE-VANARTSEN	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BARNES	DIRECTOR	2.00	Director	$0	$0	$0
JENNI MILLER	DIRECTOR	2.00	Director	$0	$0	$0
CALEB VANDER ARK	DIRECTOR	2.00	Director	$0	$0	$0
JASON HAMEL	DIRECTOR	2.00	Director	$0	$0	$0
THERESA UHRICH	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW KOHTZ	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MACK	SECRETARY/TREASURER PARTIAL TERM	2.00	Officer Director	$0	$0	$0
MILEAK HARPER	DIRECTOR PARTIAL TERM	2.00	Director	$0	$0	$0
THOMAS W HUYCK	DIRECTOR PARTIAL TERM	2.00	Director	$0	$0	$0
JIM SCHLAMAN	CEO	40.00	Officer	$161,951	$17,561	$179,512
JENNIFER WHITE	CMO	40.00	Highest	$212,918	$4,749	$217,667
KAVITA AMIN	PHARMACIST	40.00	Highest	$147,388	$14,632	$162,020
DIETMAR GRENTZ	PRIMARY CARE PROVIDER	40.00	Highest	$193,417	$10,626	$204,043
THOMAS MCCONNELL	NURSE PRACTITIONER	40.00	Highest	$114,108	$7,340	$121,448
SHERRY SIMPSON	NURSE PRACTITIONER	40.00	Highest	$132,263	$14,977	$147,240

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$26,901,647	$28,494,606	$4,629,667	$-1,592,959
2023	$26,046,934	$27,506,489	$6,792,283	$-1,459,555
2022	$23,865,481	$22,311,018	$7,025,876	$1,554,463
2021	$23,512,036	$21,429,604	$6,607,406	$2,082,432
2020	$21,198,289	$20,149,900	$4,907,786	$1,048,389
2019	$19,216,693	$18,688,146	$3,946,554	$528,547
2018	$14,710,262	$13,624,757	$2,927,539	$1,085,505

PACE OF SOUTHWEST MICHIGAN INC